PROMINENT BUSINESS-ONLY IN TENERIFFE WITH $260K NET

ResortBrokers are delighted to present this premium quality, business-only management rights located in the vibrant inner-city suburb of Teneriffe.

  • Net profit of $260,406 been independently verified by industry management accountant
  • Very desirable high-rise building with Woolworths Metro tenancy on ground level
  • Built in 2019 it comprises 66 modern apartments
  • 49 units in the letting pool 
  • Large 14sqm storage area on ground level for operator use under OA
  • Solid BC salary of $111,453 - reviewed on CPI index
  • 22 years remaining on Caretaking and Letting Agreements
  • No requirement for the manager to live on-site or own a unit in the building
  • Rooftop swimming pool, dining area and open lawns
  • Strong tenant demand and consistent low vacancy rates
  • All Inspections by appointment only

Submissions close on Thursday 6th October 2022

Listing Ref MRB007386
Property Type Management Rights
Sale Type Management Rights - Business only
State QLD
Region Brisbane
Suburb Teneriffe
Net Profit $260,406
Price $1,640,557
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Tim Crooks

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Frank Matus
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